With discussions surrounding Gary Gensler’s forthcoming departure in January 2025, many are speculating whether this will signify the conclusion of the XRP lawsuit. Recently, XRP’s price saw a substantial increase, surging over 20% and currently standing at $1.52. This notable rise suggests that a larger objective may be in sight, particularly if the Ripple vs. SEC case sees resolution at the start of the year.
Timeline for Ripple vs SEC
Prominent Pro-XRP advocate, Jeremy Hogan, recently forecasted that the Ripple vs. SEC legal battle might wrap up by spring or early summer 2025. This prediction has garnered significant attention, given the case’s stature as one of the most prolonged and high-profile disputes in the cryptocurrency realm. Observers within the market speculate that Gensler’s exit from the SEC could expedite resolutions in crypto-related cases, potentially ushering in a transformative era for the sector.
Ripple’s Growing Momentum
Amidst these developments, XRP is witnessing a remarkable growth in both interest and price dynamics. Recent milestones include the introduction of the WisdomTree Physical XRP ETP on prominent European exchanges, fueling discussions about a possible XRP ETF launch in the United States. Legal experts such as Jeremy Hogan and John Deaton remain optimistic, with Deaton estimating that XRP’s market capitalization could ascend to $100 billion if regulatory changes are favorable. Furthermore, Ripple CEO Brad Garlinghouse recently noted the market’s positive reaction to Donald Trump’s selection of Scott Bessent as Treasury Secretary. Garlinghouse is of the opinion that Bessent’s appointment could enhance XRP’s prospects and signal a positive conclusion to the ongoing SEC lawsuit.
For a deeper insight into XRP’s potential, explore our XRP Price Prediction for 2025 along with the latest updates on the Ripple vs SEC lawsuit.
XRP at Overbought Zone
XRP’s value has increased by 27%, reaching $1.43, with a significant trading volume surge of 235% to $22.29 billion. Analysts, including CrediBULL Crypto, are forecasting even sunnier days ahead, with short-term targets set at $2 and long-term projections at $3.3. Historically, “overbought” indicators have hinted at impending large-scale rallies, and with XRP’s upward trend, this optimism is further bolstered. Recently, XRP’s Relative Strength Index (RSI) hit “overbought” thresholds—exceeding 70 for the first time in three years—signaling robust bullish momentum.
What Lies Ahead?
The potential for a U.S.-listed spot XRP ETF is gaining momentum, with companies such as Bitwise, 21Shares, and Canary Capital submitting applications to the SEC. As the regulatory landscape appears to be shifting in the wake of Gensler’s anticipated departure, an approval for an ETF could substantially amplify XRP’s price trajectory. As market confidence strengthens, investors and analysts are turning their attention to altcoins like XRP to seize opportunities within this ongoing bull market.
FAQ
Will XRP Reach 1000 Dollars?
No, it is improbable for XRP to achieve a $1,000 valuation due to market limitations. Reaching such a price point would necessitate a market capitalization surpassing $52 trillion, an unrealistic figure given current global economic conditions. Additionally, factors such as market competition, limited utility, and regulatory hurdles further restrict its price potential.
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